One of the biggest challenges in the $280 billion behavioral health market is access, given that only a fraction of the people that actually need care, get it, says Thomas Bremner, partner at Adams Street Partners. How much funding has this organization raised over time? We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Which funding types raised the most money? Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Companies around the world will now have a single source for innovative, evidence-based, culturally responsive mental health benefits for employees and their families. "As the demand for mental health care accelerates worldwide, I am honored to join them in the quest to deliver a powerful support system for companies and their employees. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus, This is a BETA experience. We founded Lyra to redefine access to high-quality mental health care for millions of people. Data may be intentionally delayed pursuant to supplier requirements. Sisco is currently co-president and chief financial officer at Workday. When is Lyra Therapeutics fiscal year-end? After swirling media reports over the last few weeks that Lyra Health was raising a massive amount of new funding, the Burlingame-based mental health benefits The company helps employers give their employees a suite of safe and confidential tools to support their mental health needs. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Will Retail Health Really Disrupt Healthcare? All quotes are in local exchange time. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Copyright 2023 Forge Global, Inc. All rights reserved. For more information about Lyra Health's Workforce Mental Health benefits for employers, visit lyrahealth.com. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares. LYRA is not currently paying a regular dividend. Where can I find more information on Lyra Therapeutics R&D programs? In 2015, Ebersman cofounded Lyra Health with two Venrock partners and Castlight investors, Bob Kocher and Bryan Roberts, as well as Dena Bravata, Castlights chief medical officer. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Kotb has not appeared live on Today since February 17. "I've known David for over 10 years, and his focus on one of the world's most important topics, addressing and solving mental health care, is truly inspiring," said Marc Stad, Founder and Managing Partner at Dragoneer. Established in 1987, ICAS has 35 years' experience in contributing to the health and performance of employees and organisations. With this acquisition, Lyra and ICAS are setting a new standard for global mental health care. Addressing a Global CrisisMental health is a global crisis. Remote. For more information, visit lyrahealth.com and follow us onLinkedIn, Facebook, and Twitter. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Lyra Therapeutics, Inc. (NASDAQ: LYRA) was in 6 hedge funds' portfolios at the end of September. While it is not clear whether the company has closed the round, filings in Delaware usually appear after part or all of the funding has been secured. Because of Covid, economic uncertainty, and conversations around racial injustice, people are really struggling even more, and it's an important time to invest in a service that really will be there for their employees when they need it, says Ebersman, who previously served as chief financial officer of Genentech and Facebook. Prime Unicorn Index notes that the terms surrounding this Series E round include a pari passu liquidation preference with all other preferred, and conventional convertible, meaning they will not participate with common stock if there are remaining proceeds. It also noted that Lyra Healths most recent price per share is $27.47, an up round from the Series D, which priced shares at $14.21. Lyra Health cofounder and CEO David Ebersman. Lyra is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Shares of Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, soared 32% in their trading debut Friday, after the company's initial public offering priced at the top end of the Lyra Therapeutics Inc. , a biotech specializing in treatments for ear, nose and throat diseases, priced its initial public offering late Thursday at $16 a share, the high end of its price range. Here are similar public companies: HealthStream (NAS: HSTM), Doximity (NYS: DOCS), Zymergen (NAS: ZY), Sight Sciences (NAS: SGHT). from 8 AM - 9 PM ET. Who is Lyra Therapeutics independent registered public accounting firm? For more details on financing and valuation for Lyra Health, register or login. "Mental health issues are much more pervasive than is commonly known, and Lyra is thoughtfully redefining access to care by providing broad-based solutions through employers. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Lyra Therapeutics Market Cap 2020-2022 | LYRA. Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. For the best MarketWatch.com experience, please update to a modern browser. The average person when starting care in 2020 is feeling more anxious and more depressed than we've seen in any prior year, says Ebersman. Lyra's industry-leading workforce mental health solutions will now reach more than 155 countries through ICAS's proven global network. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ -- Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced AI-Driven Medical Care? Discover how retail giants and tech firms will bring revolutionary changes to healthcare delivery by 2023 and beyond - learn more about the potential of retail healthcare dominating the market share. Who are the members of Lyra Therapeutics Board of Directors? WebLyra Therapeutics is traded on the NASDAQ Global Select Market under the symbol LYRA. 2023 Forbes Media LLC. One investor noted that the round has not closed yet. The need for a solution has helped tech-powered mental health solutions raise funding to meet increased demand. While a randomized controlled trial would be needed to truly determine clinical effectiveness, the study suggests that Lyras teletherapy model could potentially achieve faster results than the typical 12 to 16 weeks of standard treatment. Through this acquisition, Lyra will now offer a single source for comprehensive, localized mental health care to more than 10 million members around the world. The clinical and technological innovations from Lyra and the global expertise from ICAS are a category-defining match. Lyra Health is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to Kocher and Roberts continue to serve on the board, while Bravata left the company. A Health Data Reality Check, The Time Has Come For Expanding Health Savings Accounts, Why Silicon Valley Is Failing To Address Health Equity, Meet Americas Best Startup Employers 2022, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. With this additional capital, Lyra will have the opportunity to further distinguish itself as the leader in mental health domestically and expand internationally to address a global need.". Learn more about how to invest in the private market or register today to get started. You can foster gratitude for yourself, and organizations can cultivate cultures of gratitudeand these will have positive effects for people and their mental health as well as for business. Lyra Therapeutics was founded in November 2005. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. The all time high for this statistics is 8. This new funding will help Lyra deliver comprehensive and culturally responsive mental health care for organizations and their employees and families," said Ebersman. Addressing the industry misfit between needs and technology is key, and there are three areas that must improve. Lyras solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. The technology advances of CGMs and bio wearables allow diabetics to self-monitor the blood sugars that help their well-being. A study published in the Journal of Medical Internet Research, led by Lyras director of clinical product Anita Lungu, recorded a significant decrease in anxiety or depression symptoms after 5 sessions among 385 patients, although it did not include a control group. The health tech unicorn also acquired employee assistance program provider ICAS World, which operates in over 155 countries, to support its global expansion. Adding ICAS and its localized services in 155 countries is a transformational step as we strive to become the global leader in mental health care and the gold standard for providing fast access to the highest quality care.". Lyra, which offers an easy-to-use digital platform to connect people with mental health providers, has around 1.5 million members so far, adding more than 800,000 people since the start of the pandemic. This acquisition accelerates Lyra's investment in making culturally responsive mental health care services, such as mental health assessments, coaching, therapy, and guided self-care available on a global scale. Lyra separately announced today it has acquired ICAS World, an employee assistance program provider with operations in more than 155 countries. Contact:Dyani Vanderhorst[emailprotected]m (650) 240-3240, Cision Distribution 888-776-0942 Through its global network, ICAS supports more than 1,500 companies and 6.3 million members and their families. In the latest development, it emerged that Lyra Health, a platform that focuses on providing workforces with mental health care, has filed paperwork to raise a $175 million Series E at a $2.25 billion valuation. Currently, Lyra Therapeutics does not offer a dividend or a dividend reinvestment program. "Meeting the diverse needs of people around the world requires approaches that are evidence-based and culturally responsive. We seem to be in a period of rapid growth rounds getting raised in quick succession for the most promising startups. Lyra's approach to mental health care has been proven to help members improve or recover faster and reduce medical claims costs for employers. This is a tricky space to play in, considering that mental health can still feel taboo in workplaces and employees might feel uncomfortable turning to their employers for support. Lyra quickly connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. However, Lyras clients are actually the corporations they are the ones who pay for the Lyra service. 3 Wall Street analysts have issued 12-month price objectives for Lyra Therapeutics' shares. It also noted that Lyra Healths most recent price per share is $27.47, an up round from the Series D, which priced shares at $14.21. We are reaching out to the company and investors for a response to the filing. One investor noted that the round has not closed yet. January 28, 2021 Update: Lyra Health filed paperwork with the SEC indicating that it has raised $186.7 million in new equity financing. Lee Fixels new venture firm Addition led the round and was joined by Adams Street Partners, along with existing investors, including former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence Ventures and Tenaya Capital. Lyra Therapeutics went public on April 2, 2020. To succeed, Lyra must make a compelling sales Changing the Public Narrative of Therapy The paperwork was uncovered by Prime Unicorn Index. Historical and current end-of-day data provided by FACTSET. If you own Lyra Health pre-IPO shares and are considering selling, you can find what your shares could be worth on Forges secondary marketplace. BURLINGAME, Calif., Jan. 19, 2022 /PRNewswire/ --Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. Lyra cofounder and CEO David Ebersman says customers are looking to launch the platform right away, instead of waiting for the typical January 1 fiscal year cycle for health benefits. EPS $5.70-$6.50; FactSet consensus $6.72, Best Buy Q4 same-store sales down 9.3%, missing FactSet consensus for a decline of 5.5%, Best Buy Q4 revenue down 10% to $14.74 bln, tops the FactSet consensus $14.72 bln, Best Buy Q4 adj. If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. The stock price for Lyra Health will be known as it becomes public. Even the spread of remote work is part of the problem: As everyone stays at home, the lack of interaction and watercooler chat has left employees without in-person interaction. from 8 AM - 9 PM ET. Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. January 19, 2022 08:00 AM EDT, BURLINGAME, Calif. Lyra Health, the leading provider of innovative Workforce Mental Health solutions for employers, today announced it has completed a $235M financing. International stock quotes are delayed as per exchange requirements. Lyra Health 4.2. Beauty, and Avid Tech See Activist Action, Lyra Therapeutics shares soar 32% in trading debut, Lyra Therapeutics raises $56 million in IPO, priced at high end of range, Lyra Therapeutics to offer 3.5 million shares in planned IPO, priced at $14 to $16 each. You may opt-out by. Do the numbers hold clues to what lies ahead for the stock? Who can I contact if I am a member of the media? No significant news for in the past two years. Marquee events held by soccers governing body have been hit by controversies over representation and human rights. Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.. When typing in this field, a list of search results will appear and be automatically updated as you type. Something went wrong while loading Watchlist. Lyra Therapeutics, Inc. is a clinical-stage therapeutics company. It develops novel integrated drug and delivery solutions for the localized treatment of patients with ear, nose and throat, or ENT, diseases. supports your people with: Instant access to individualized care, from self-guided programs and mental ICAS provides counselling services 24/7, 365 days a year through a direct network of 49 local offices and a total presence in 155 countries delivering services using more than 40,000 mental health providers. Please check your download folder. Lyra Health serves patients worldwide. Our calculations also Does Lyra Therapeutics pay dividends and have a dividend reinvestment program? Lyra Therapeutics transfer agent is American Stock Transfer & Trust Company, LLC (American Stock Transfer): Please contact our transfer agent, American Stock Transfer, by telephone at, You must send both your old and new addresses to our transfer agent, American Stock Transfer, by U.S. mail. Lyra has raised around $275 million to date. Lyra is an alumnus of this years Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to cross the $1 billion dollar valuation mark, along with AI-powered sales startup Gong and human resources software automation company Rippling. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Past backers of the company include Adams Street Partners, Tenaya Capital, Meritech Capital Partners, IVP and Greylock. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities. 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